Commercial Real Estate & Business News April 23, 2018
Main Insights from ULI’s Semi-Annual CRE Forecast ULI’s survey respondents predict that this year U.S. GDP growth will reach 2.8 percent, up from the 2.3 percent growth seen last year. Real estate economists and analysts see strength in the U.S. economy over the next few years, which should translate into strong-albeit moderating-results for the commercial […]
Commercial Real Estate & Business News April 20, 2018
Largest Banks Casting Wary Eye on Heated Commercial Real Estate Lending Market Despite record liquidity, demand for commercial real estate loans softened in recent months, leaving eager lenders chasing fewer borrowers. As a result, competition among lenders has ratcheted up noticeably with loan prices compressing. n fact, deal pricing and structures have gotten so competitive, […]
Commercial Real Estate & Business News April 19, 2018
New $100 Million Apt. Tower Coming to Downtown Phoenix North American Development Group will break ground later this year on a new 30-story luxury multifamily tower that, upon, completion, will stand as the second tallest residential building in downtown Phoenix. The Markham, Ontario-based firm acquired a .9-acre tract within the Arizona Center for the site […]
Commercial Real Estate & Business News April 18, 2018
Competition Intensifies for Value-Add Assets For the past several years, investors have turned to the value-add strategy when seeking out-performance in a competitive commercial real estate landscape. And it appears the interest in these type of deals has only intensified lately, with competition becoming increasingly stiff as the industry faces the likely end of the […]
Commercial Real Estate & Business News April 17, 2018
Aldi in Arizona: Discount Grocer Opening Store in Buckeye BUCKEYE, AZ – No-frills grocer, Aldi, has plans to open a store in Buckeye, Arizona. Anne De Chance, communications manager for the City of Buckeye, said the discount grocery chain broke ground last week near Yuma and Watson roads. She said the store would open either […]
Commercial Real Estate & Business News April 16, 2018
In Spite of Waves of Store Closures, Retail Vacancy Hasn’t Spiked in the First Quarter Retail vacancy levels stayed relatively flat for the first quarter of the year, according to preliminary data from real estate research firm Reis. Industry experts say that despite accounts of retail bankruptcies and store closures, the sector is poised to […]